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EToro to Limit Cardano and Tron for US Customers, Coin Prices Fall
The prices of the cryptocurrencies’ tokens have taken a hit following the announcement.
Updated May 11, 2023, 5:05 p.m. Published Nov 24, 2021, 1:40 p.m.
Trading platform eToro will be limiting crypto assets and for U.S. customers starting in December due to “business-related considerations in the evolving regulatory environment,” according to a statement on its website.
- The statement, published Tuesday, said that users in the U.S. will “no longer be able to open new positions in, or receive staking rewards for,” ADA and TRX.
- Restrictions on opening new positions in ADA and TRX will take effect on Dec. 26, while staking for these assets will end on Dec. 31, the statement said.
- The final staking rewards payout for both assets will take place on Jan. 15, 2022.
- According to eToro’s announcement, users will still be able to “securely hold existing positions” for the two cryptocurrencies, as the limitations only apply to new positions.
- Users can sell their ADA or TRX in exchange for U.S. dollars anytime, and eToro is working on a way to make it possible for users to move these two assets to their eToro crypto wallets, the statement said.
- Since the announcement was published, at one point, ADA prices dropped by more than 6%. At press time, TRX was down 2.4%.
- Taking to Twitter on Tuesday, Cardano founder Charles Hoskinson said eToro’s decision was due to a “systemic lack of clarity” in global crypto regulations.
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- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
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Gemini Approved by CFTC to Offer U.S. Prediction Markets, Stock Surges Nearly 14%
Gemini said its affiliate Gemini Titan won CFTC approval to operate a Designated Contract Market, allowing the firm to offer regulated prediction markets in the U.S.
What to know:
- Gemini said its affiliate, Gemini Titan, received CFTC approval to operate as a Designated Contract Market.
- The firm stated that the license enables it to offer regulated prediction markets to U.S. customers.
- The Winklevoss twins praised the decision as aligning with President Trump’s push for U.S. leadership in the crypto sector.
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